Splinterland's Splintershards Coin

Splintershards is the game coin of splinterlands. This coin is important for the game and it's players. I invested some money on hive but because the price of high is increased, I a thinking to put some amount on sps also. Basically I am trying to convert other coins into coins - hive and now sps. After going through some post and details about the game I got to know that having SPS is good for the players.

We can purchase this from some exchanges or we can also buy in the hive engine. I did some price analysis for this coin for 7 days window and also for the 30 days window. In both the windows one thing is common that price is going down. This time the price for Bitcoin is looking stable because not much fluctuation has been observed. But the price for splinterlands coin is not moving up. The alt coin rally is not started in the market at but this coin is crashing.

In the last 7 days the price is down by 8.51% and this is not big price down but not too less also.

Now if we look at the 30 days window this price is down by 22.8% and it's not small drop. Many old coins are in the stable zone but this is not so it creates a question that why is it happening. I tried to find if there is any news about this but could not find anything.

The only possible reason can be that people are selling this coin. In any market supply and demand is the only tool that defines the price. When more buyers are there in the market the price goes up and when there are more status the price goes down. The second situation is applicable on this coin currently on the market based on the chart and price analysis.